The Danish current account posted a DKK 15.1 billion surplus in April 2019, swinging from a DKK 3.1 billion gap in the same month of the previous year. The goods account recorded a DKK 15.1 billion surplus, switching from a DKK 3.3 billion deficit in April last year and the primary income surplus increased to DKK 3.1 billion from DKK 2.2 billion. On the other hand, the services account posted a deficit of DKK 0.6 billion, swinging from a DKK 0.3 billion surplus in April 2018 and the secondary income deficit widened to DKK 2.5 billion from DKK 2.3 billion in April 2018. Current Account in Denmark averaged 9369.63 DKK Million from 2005 until 2019, reaching an all time high of 20001 DKK Million in February of 2017 and a record low of -4967 DKK Million in March of 2008.
Current Account in Denmark is expected to be 16400.00 DKK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Denmark to stand at 8000.00 in 12 months time. In the long-term, the Denmark Current Account is projected to trend around 9500.00 DKK Million in 2020, according to our econometric models.